Cooperation For The Benefit Of AllCooperation For The Benefit Of All

FARM CREDIT ARMENIAFARM CREDIT ARMENIA

Ani SargsyanAni SargsyanDeputy CEO/CFODeputy CEO/CFO

GENERAL OVERVIEW

Farm Credit Armenia Universal Credit Organization Commercial Cooperative (FCA UCO CC) is:

The only cooperative financial institution in Armenia;

The only financial institution serving only rural Armenia;

Our mission is to improve the quality of life in rural Armenia by providing accessible financial services to agriculture, agribusiness, SMEs, micro borrowers, young, beginning & small (YBS) farmers, women and minorities.

Our vision is to be the leader in agricultural credit services among credit institutions in Armenia by offering preferable financial services to our customers thus fostering the development of rural Armenia. 

Basic features of Our ProductsAgricultural (farmer) loans (livestock, poultry and fish production, viticulture, gardening and horticulture, other agricultural activities);

Agribusiness loans (agricultural production processing and marketing, mainly: dairy, wine-making, flour milling, fruit and vegetable driers and refrigerators, sale of pesticides and fertilizers, other agriculture and agribusiness related activities);

SME loans (retail and wholesale trade, production, services and other activities supporting farmers, agribusiness and rural Armenia);

Leasing (agricultural machinery and equipment);

Terms AMD USD

Amount 100,000 – 20,000,000 250 – 50,000

Interest rate 11% - 20% 8% - 14%

Maturity 3 – 84 month

Our structure

member member member member member member member

member member member member member member member

member member member member member member member

member member member member member member member

member member member member member member member

Management

Audit Committee Executive Committee

Branches Branches

Branches Branches

Financial indicators

Average loan size is 3,800 with average term of 24 month

The leasing portfolio is $360,000

On the liability side FCA main partners are MCA, World Bank, and IFAD

Currently the total capital is $2 million including $1.2 million statutory capital

FCA plans to have $2.5 million equity at the end of 2013

Seed capital was provided by USDA, which also has covered the significant part of operational costs

Our Current Portfolio

High quality loan portfolio (NPL is 1.3%);Excellent lending technology, which includes detailed analysis and on-going monitoring of loans.

FCA aims to develop agricultural production, support its infrastructure in rural Armenia through a sustainable cooperative financial institution and provide credits in good times and bad times.

Farm Credit Armenia`s member-borrowers are the owners, controllers and beneficiaries of the organization.

Each member has the right of one share-one vote

Our Cooperative

Rural Coop Support FoundationFCA has established Rural Cooperation Support

Foundation, which will lead the educational and communication part of its activities

Customer meetingsPeriodic meetings with members in different

regions for identifying their needs and problems.

Trainings PUM, Cochran FCA has signed a MoU with Netherland PUM

foundation for technical assistance and Rural Coop is the implementer of it. The cooperation is in the scope of continues trainings for the FCA member-borrowers.

FCA board members and borrowers have participated in Cochran Fellowship Program, which includes visits to US farms.

Non financial services

Our member-borrowers

Started with 57 Armenian farmers and currently FCA has almost 2,700 member-borrowers.The number of women borrowers in total is about 350.5 office locations, 4 of which is in regions.

FARM CREDIT ARMENIAFARM CREDIT ARMENIATHANK YOU FOR YOUR COOPERATION!THANK YOU FOR YOUR COOPERATION!